Greater San Diego Association of REALTORS® Market Report - May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market continues to exhibit strong seller conditions, with total sales reaching 15, a 62.5% increase compared to May 2025. Active listings stand at 28, reflecting a slight increase from the previous month, while the months of inventory is at 2.3, indicating a competitive market for buyers.

Market Analysis

The Greater San Diego real estate market remains robust, driven by a significant year-over-year increase in sales. With 15 homes sold in May 2026 compared to just 9 in May 2025, the market demonstrates a healthy demand despite a modest rise in active listings. The sales-to-new-listings ratio (SNLR) is an impressive 93.8%, underscoring the strong interest from buyers and the urgency to secure properties in this desirable area. The months of inventory remains low at 2.3, which indicates that homes are selling quickly, further reinforcing the seller's market conditions.

Property Type Analysis

In May 2026, detached homes dominate the sales figures with 13 transactions, while attached/townhouse properties account for 2 sales. The median price for detached homes is reported at $1,200,000, reflecting a competitive market. In contrast, the attached properties have a median price of $457,500, which is significantly lower but has experienced a notable year-over-year decline of 34.6%. This disparity in pricing and sales activity between property types highlights the ongoing preference for detached homes among buyers.

Regional Highlights

The Bonita area, specifically zip code 91902, shows promising trends with 11 new listings and 10 pending sales reported in May 2026. The inventory for detached homes stands at 19, with a months supply of 2.3, indicating that homes are being absorbed quickly. The market's strength is further evidenced by the closed sales in this region, which have increased by 62.5% year-over-year, showcasing the area's appeal to prospective buyers.

For Buyers

Buyers are encouraged to act swiftly in the current market, as the low months of inventory and high sales-to-new-listings ratio suggest that desirable properties are being sold quickly. It is advisable for buyers to have their financing pre-approved and to be prepared to make competitive offers to increase their chances of securing a home.

For Sellers

Sellers in the Greater San Diego area should take advantage of the current market conditions, as the high demand and low inventory create an opportune environment for listing their homes. Setting a competitive price based on recent sales data can attract multiple offers, potentially leading to a quicker sale and favorable terms.